The actual mean fill volume for all bottles of a soft drink product that were filled on a Tuesday is 11.998 ounces. A sample of 64 bottles was randomly selected and the sample mean fill volume was 12.004 ounces
Based upon this information, the sampling error is .006 ounce. Indicate whether the statement is true or false
TRUE
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Reciprocity, as a corporate policy, is:
A) always a breach of ethics B) illegal in the U.S., but not in other countries C) only a worry if the heads of the companies know each other personally D) easier to navigate if the companies are in different industries E) occasionally a form of corporate blackmail
The first product took 10 hours to build and the learning curve is estimated to be 90%. How long will it take to make the fourth unit?
A) 10 hours B) 9 hours C) 8.1 hours D) 7.5 hours E) none of the above
The ________ rule specifies that an entity instance can simultaneously be a member of two (or more) subtypes
A) Business B) Overlap C) Disjoint D) Total specialization
Indicate whether each of the following statements is true or false.Standards for direct materials and direct labor should be set by a company's accounting department. ______Standards for direct materials and direct labor should be reevaluated frequently in order to remain relevant and useful. ______Historical information is of little use in establishing standards. ______A standard represents what should be, not what is or was. ______Managers should consider behavioral implications when developing standards. ______
What will be an ideal response?